Almond Milk Market – Global Industry Size, Share, Trends, Opportunity and Forecast, Segmented By Flavor (Flavored, Non-Flavored), By Nature (Organic, Conventional), By Sales Channel (Hypermarkets/Supermarkets, Convenience Stores, Online, Others), By Region & Competition, 2019-2029F

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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 10.72 Billion

CAGR (2024-2029)

7.25%

Fastest Growing Segment

Online

Largest Market

North America

Market Size (2029)

USD 16.26 Billion

Market Overview

Global Almond Milk market was valued at USD 10.72 billion in 2023 and is expected to grow USD 16.26 billion by 2029 with a CAGR of 7.25% during the forecast period. The global almond milk market has witnessed significant growth in recent years, driven by increasing consumer demand for plant-based dairy alternatives. Almond milk, a popular substitute for traditional dairy milk, is derived from almonds and offers a range of health benefits, including being naturally lactose-free, low in calories, and rich in vitamins and minerals like vitamin E. This has made it especially appealing to health-conscious consumers, as well as individuals with lactose intolerance or dairy allergies.

Key Market Drivers

Rising Health Consciousness and Demand for Plant-Based Alternatives

One of the most prominent drivers of the global almond milk market is the increasing focus on health and wellness among consumers. Almond milk is widely perceived as a healthier alternative to traditional dairy milk, especially for those looking to reduce their calorie intake or avoid lactose. As consumers become more aware of the potential health risks associated with consuming too much saturated fat and cholesterol, which are commonly found in animal-based dairy products, they are turning to plant-based options like almond milk for a healthier lifestyle. For example, Danone North America has launched Silk Extra Creamy Almond Milk, an innovative dairy-free alternative designed to deliver a rich and creamy texture. This new product enhances the Silk brand's offerings and caters to consumers seeking indulgent, plant-based milk options, significantly driving the almond milk market.

Almond milk is naturally low in calories, cholesterol-free, and packed with essential nutrients like vitamin E, which acts as an antioxidant. The growing awareness of lactose intolerance, which affects a significant portion of the global population, has also contributed to the rise in almond milk consumption. Lactose-intolerant individuals seek out almond milk as a viable dairy substitute, which offers the taste and texture of milk without the digestive issues associated with lactose.

The rise of various health movements, such as clean eating, low-carb diets, and the emphasis on whole, minimally processed foods, has driven consumers to explore healthier, plant-based options. Almond milk fits well within these health-conscious trends, contributing to its growing popularity across a wide demographic spectrum.

Growing Vegan and Vegetarian Populations

The rise of veganism and vegetarianism globally has been another major factor driving the almond milk market. As more people adopt plant-based diets for ethical, environmental, or health reasons, the demand for dairy alternatives has grown significantly. Almond milk, being one of the most popular plant-based beverages, is a natural choice for those avoiding animal products.

In regions like North America and Europe, veganism and vegetarianism are rapidly expanding due to growing concerns about animal welfare, climate change, and personal health. According to the study highlights, 48% of British adults incorporate plant-based milk alternatives into their daily diets. Among these alternatives, almond milk emerges as the most popular choice, consumed by 22% of respondents, followed closely by oat milk at 20% and coconut milk at 17%. This shift in consumer preferences reflects a broader aspect toward healthier, more sustainable food options. This surge in the vegan population has created a robust market for plant-based foods, including almond milk.

Beyond ethical reasons, plant-based diets are often associated with reduced risks of chronic diseases such as heart disease, diabetes, and certain cancers. Almond milk, as part of a balanced plant-based diet, has gained traction among health-focused individuals who seek to lower their intake of saturated fats and cholesterol while increasing their consumption of nutrient-dense, plant-derived foods.


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Key Market Challenges

Fluctuating Almond Prices and Supply Chain Issues

The global almond market is susceptible to fluctuations in almond prices, which can impact the cost of almond milk production. Almond prices are influenced by several factors, including weather conditions, water availability, and crop yields, especially in California, which accounts for approximately 80% of the world's almond supply. Droughts, wildfires, and other extreme weather events in California have had a direct impact on almond production, leading to volatility in supply and pricing.

Additionally, supply chain disruptions, such as transportation bottlenecks, trade restrictions, or labor shortages, can further complicate the almond milk market. For example, during the COVID-19 pandemic, supply chain disruptions affected the production and distribution of almonds, leading to price increases and delays. Higher production costs are often passed on to consumers, making almond milk a more expensive option compared to other plant-based alternatives like soy or oat milk.

This price volatility can affect consumer demand, particularly in price-sensitive markets where affordability plays a significant role in purchasing decisions. If almond milk becomes significantly more expensive than other plant-based or dairy alternatives, it could lose market share, especially among consumers who are not exclusively committed to almond milk and are open to exploring other options.

Intense Competition from Other Plant-Based Milk Alternatives

The plant-based milk market is highly competitive, with a growing range of alternatives to traditional dairy products. Almond milk faces stiff competition from other plant-based beverages like soy milk, oat milk, coconut milk, rice milk, and more recently, pea and hemp milk. Each of these alternatives has its own unique set of benefits, which appeal to different consumer preferences.

Oat milk, in particular, has seen rapid growth and is viewed as a strong competitor to almond milk. It is often promoted as a more environmentally friendly option because oats require less water to grow compared to almonds. Additionally, oat milk has a creamier texture that some consumers prefer in coffee, smoothies, and other beverages, giving it an edge in certain segments of the market.

As consumer preferences evolve, the growing variety of plant-based milk alternatives offers consumers more choices, making it challenging for almond milk to maintain its market dominance. This intensifying competition could force almond milk producers to innovate or reduce prices to stay competitive, further squeezing profit margins.

Key Market Trends

Innovation in Flavors and Product Formulations

One of the most prominent trends in the almond milk market is the continuous innovation in flavors and product formulations. While traditional unsweetened and sweetened almond milk varieties remain popular, manufacturers are increasingly offering a wider range of flavors and enhanced versions of almond milk to cater to diverse consumer preferences.

Flavors like vanilla, chocolate, and honey almond are gaining traction, appealing to consumers seeking variety in their plant-based milk choices. Additionally, there has been a growing interest in seasonal or limited-edition flavors, such as pumpkin spice or cinnamon almond milk, which are often introduced to capitalize on festive periods or regional tastes.

Beyond flavor innovation, manufacturers are also enhancing almond milk products by fortifying them with essential nutrients. Many almond milk brands now offer calcium-enriched, vitamin D-fortified, and protein-boosted options to compete with dairy milk’s nutrient profile. This trend caters to health-conscious consumers who are looking for plant-based alternatives without compromising on nutritional value. For instance, adding more protein or calcium makes almond milk an attractive option for those with specific dietary needs, such as vegans or those with lactose intolerance.

Rise of Almond Milk in Foodservice and Beverages

Almond milk has expanded beyond home consumption and is becoming increasingly popular in the foodservice sector, particularly in cafes, restaurants, and fast-food chains. One notable trend is the growing use of almond milk as a substitute for dairy milk in coffee, smoothies, and specialty beverages.

The global coffee culture has played a significant role in this shift, with many cafes offering almond milk as a dairy-free alternative for lattes, cappuccinos, and iced coffee drinks. The creamy texture of almond milk, along with its neutral flavor, makes it a popular choice for blending with coffee and other beverages. This trend is particularly strong in regions like North America, where consumers are highly attuned to health trends and demand more plant-based options.

Additionally, almond milk is making its way into foodservice menus for use in desserts, sauces, and savory dishes. This expansion into the foodservice industry not only boosts sales but also increases consumer exposure to almond milk, further driving market growth.

Segmental Insights

Sales Channel Insights

Hypermarkets/Supermarkets dominate the global almond milk market as the primary distribution channels, offering consumers easy access to a wide variety of brands and product options. These large retail chains provide significant shelf space for plant-based alternatives, allowing almond milk to reach a broader audience. Consumers often prefer these stores for their convenience, competitive pricing, and regular promotions, making them a popular choice for purchasing almond milk. Additionally, the ability to compare different almond milk products in one location encourages brand visibility and drives sales. Hypermarkets and supermarkets' extensive reach and accessibility contribute significantly to this segment's dominance.


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Regional Insights

North America dominated the global almond milk market, driven by a strong demand for plant-based alternatives and a growing health-conscious consumer base. The United States, in particular, plays a pivotal role, with its large vegan population and increasing awareness of lactose intolerance. The region's well-established distribution channels, extensive product innovations, and strong presence of key almond milk manufacturers further contribute to its leadership. Additionally, the rise of eco-friendly, organic, and clean label products aligns with North American consumer preferences, fueling the market's growth. The presence of almond farms, especially in California, also boosts regional supply capabilities.

Recent Developments

  • In Jan 2023, Califia Farms has launched a new line of organic oat milk and almond milk made with just three simple ingredients. This initiative emphasizes the brand's commitment to quality and simplicity, catering to health-conscious consumers seeking clean-label plant-based alternatives.

  • In Dec 2023, Blue Diamond has introduced a new product to its Almond Breeze lineup: the Almond Breeze Original Almond & Oat Blend. This innovative offering combines the rich flavor of premium California almonds with the creamy texture of oat, creating a versatile, dairy-free milk alternative suitable for any occasion.

Key Market Players

  • Blue Diamond Growers
  • Califia Farms, LLC
  • Danone S.A.
  • SunOpta, Inc.
  • The Hain Celestial Group, Inc.
  • Daiya Foods, Inc.
  • Ripple Foods PBC
  • MALK Organics LLC
  • Three Trees Organics, LLC.
  • Earth’s Own Food Company Inc.

 

By Flavor

 

By Sales Channel

 

By Nature

 

By Region
  • Flavored
  • Non-Flavored
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Online
  • Others
  • Organic
  • Conventional
  • North America
  • Asia Pacific
  • Europe
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Almond Milk Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  •   Almond Milk Market, By Flavor:

o   Flavored

o   Non-Flavored

  • Almond Milk Market, By Sales Channel:

o   Hypermarkets/Supermarkets

o   Convenience Stores

o   Online

o   Others

  • Almond Milk Market, By Nature:

o   Organic

o   Conventional

  •    Almond Milk Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  Japan

§  India

§  Australia

§  South Korea

§  Indonesia

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   South America

§  Argentina

§  Colombia

§  Brazil

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Almond Milk Market.

Available Customizations:

Global Almond Milk Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Almond Milk Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customers

4.1.  Brand Awareness

4.2.  Factor Influencing Purchase Decision

5.    Global Almond Milk Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Flavor Market Share Analysis (Flavored, Non-Flavored)

5.2.2.    By Sales Channel Market Share Analysis (Hypermarkets/Supermarkets, Convenience Stores, Online, Others)

5.2.3.    By Nature Market Share Analysis (Organic, Conventional)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        North America Market Share Analysis

5.2.4.2.        Europe Market Share Analysis

5.2.4.3.        Asia Pacific Market Share Analysis

5.2.4.4.        Middle East & Africa Market Share Analysis

5.2.4.5.        South America Market Share Analysis

5.2.5.    By Top 5 Companies Market Share Analysis, Others (2023)

5.3.  Global Almond Milk Market Mapping & Opportunity Assessment

5.3.1.    By Flavor Market Mapping & Opportunity Assessment

5.3.2.    By Sales Channel Market Mapping & Opportunity Assessment

5.3.3.    By Nature Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    North America Almond Milk Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Flavor Market Share Analysis

6.2.2.    By Sales Channel Market Share Analysis

6.2.3.    By Nature Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.3.  North America: Country Analysis

6.3.1.    United States Almond Milk Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Flavor Market Share Analysis

6.3.1.2.2.           By Sales Channel Market Share Analysis

6.3.1.2.3.           By Nature Market Share Analysis

6.3.2.    Canada Almond Milk Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Flavor Market Share Analysis

6.3.2.2.2.           By Sales Channel Market Share Analysis

6.3.2.2.3.           By Nature Market Share Analysis

6.3.3.    Mexico Almond Milk Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Flavor Market Share Analysis

6.3.3.2.2.           By Sales Channel Market Share Analysis

6.3.3.2.3.           By Nature Market Share Analysis

7.    Asia Pacific Almond Milk Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Flavor Market Share Analysis

7.2.2.    By Sales Channel Market Share Analysis

7.2.3.    By Nature Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.3.  Asia Pacific: Country Analysis

7.3.1.    China Almond Milk Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Flavor Market Share Analysis

7.3.1.2.2.           By Sales Channel Market Share Analysis

7.3.1.2.3.           By Nature Market Share Analysis

7.3.2.    Japan Almond Milk Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Flavor Market Share Analysis

7.3.2.2.2.           By Sales Channel Market Share Analysis

7.3.2.2.3.           By Nature Market Share Analysis

7.3.3.    India Almond Milk Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Flavor Market Share Analysis

7.3.3.2.2.           By Sales Channel Market Share Analysis

7.3.3.2.3.           By Nature Market Share Analysis

7.3.4.    Australia Almond Milk Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Flavor Market Share Analysis

7.3.4.2.2.           By Sales Channel Market Share Analysis

7.3.4.2.3.           By Nature Market Share Analysis

7.3.5.    South Korea Almond Milk Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Flavor Market Share Analysis

7.3.5.2.2.           By Sales Channel Market Share Analysis

7.3.5.2.3.           By Nature Market Share Analysis

7.3.6.    Indonesia Almond Milk Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Value

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Flavor Market Share Analysis

7.3.6.2.2.           By Sales Channel Market Share Analysis

7.3.6.2.3.           By Nature Market Share Analysis

8.    Europe Almond Milk Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Flavor Market Share Analysis

8.2.2.    By Sales Channel Market Share Analysis

8.2.3.    By Nature Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.3.  Europe: Country Analysis

8.3.1.    France Almond Milk Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Flavor Market Share Analysis

8.3.1.2.2.           By Sales Channel Market Share Analysis

8.3.1.2.3.           By Nature Market Share Analysis

8.3.2.    United Kingdom Almond Milk Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Flavor Market Share Analysis

8.3.2.2.2.           By Sales Channel Market Share Analysis

8.3.2.2.3.           By Nature Market Share Analysis

8.3.3.    Italy Almond Milk Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Flavor Market Share Analysis

8.3.3.2.2.           By Sales Channel Market Share Analysis

8.3.3.2.3.           By Nature Market Share Analysis

8.3.4.    Germany Almond Milk Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Flavor Market Share Analysis

8.3.4.2.2.           By Sales Channel Market Share Analysis

8.3.4.2.3.           By Nature Market Share Analysis

8.3.5.    Spain Almond Milk Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Flavor Market Share Analysis

8.3.5.2.2.           By Sales Channel Market Share Analysis

8.3.5.2.3.           By Nature Market Share Analysis

9.    South America Almond Milk Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Flavor Market Share Analysis

9.2.2.    By Sales Channel Market Share Analysis

9.2.3.    By Nature Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Argentina Almond Milk Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Flavor Market Share Analysis

9.3.1.2.2.           By Sales Channel Market Share Analysis

9.3.1.2.3.           By Nature Market Share Analysis

9.3.2.    Colombia Almond Milk Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Flavor Market Share Analysis

9.3.2.2.2.           By Sales Channel Market Share Analysis

9.3.2.2.3.           By Nature Market Share Analysis

9.3.3.    Brazil Almond Milk Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Flavor Market Share Analysis

9.3.3.2.2.           By Sales Channel Market Share Analysis

9.3.3.2.3.           By Nature Market Share Analysis

10. Middle East & Africa Almond Milk Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value

10.2.            Market Share & Forecast

10.2.1. By Flavor Market Share Analysis

10.2.2. By Sales Channel Market Share Analysis

10.2.3. By Nature Market Share Analysis

10.2.4. By Country Market Share Analysis

10.3.            Middle East & Africa: Country Analysis

10.3.1. South Africa Almond Milk Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Flavor Market Share Analysis

10.3.1.2.2.         By Sales Channel Market Share Analysis

10.3.1.2.3.         By Nature Market Share Analysis

10.3.2. Saudi Arabia Almond Milk Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Flavor Market Share Analysis

10.3.2.2.2.         By Sales Channel Market Share Analysis

10.3.2.2.3.         By Nature Market Share Analysis

10.3.3. UAE Almond Milk Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Flavor Market Share Analysis

10.3.3.2.2.         By Sales Channel Market Share Analysis

10.3.3.2.3.         By Nature Market Share Analysis

10.3.4. Turkey Almond Milk Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Flavor Market Share Analysis

10.3.4.2.2.         By Sales Channel Market Share Analysis

10.3.4.2.3.         By Nature Market Share Analysis

11. Market Dynamics

11.1.            Drivers

11.2.            Challenges

12. Impact of COVID-19 on Global Almond Milk Market

12.1.            Impact Assessment Model   

12.1.1. Key Segments Impacted

12.1.2. Key Region Impacted

12.1.3. Key Countries Impacted

13. Market Trends & Developments

14. Competitive Landscape

14.1.            Company Profiles

14.1.1. Blue Diamond Growers

14.1.1.1.     Company Details

14.1.1.2.     Products

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. Califia Farms, LLC

14.1.2.1.     Company Details

14.1.2.2.     Products

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. Danone S.A.

14.1.3.1.     Company Details

14.1.3.2.     Products

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4. SunOpta, Inc.

14.1.4.1.     Company Details

14.1.4.2.     Products

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5. The Hain Celestial Group, Inc.

14.1.5.1.     Company Details

14.1.5.2.     Products

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6. Daiya Foods, Inc.

14.1.6.1.     Company Details

14.1.6.2.     Products

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. Ripple Foods PBC

14.1.7.1.     Company Details

14.1.7.2.     Products

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. MALK Organics LLC

14.1.8.1.     Company Details

14.1.8.2.     Products

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9. Three Trees Organics, LLC.

14.1.9.1.     Company Details

14.1.9.2.     Products

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10.              Earth’s Own Food Company Inc.

14.1.10.1.  Company Details

14.1.10.2.  Products

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1.            Key Focus Areas

15.2.            Target By Flavor

15.3.            Target By Nature

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Almond Milk Market was estimated to be USD 10.72 billion in 2023.

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Major drivers for the global almond milk market include rising health consciousness, increasing demand for plant-based alternatives, innovative product offerings, and a growing trend towards organic and clean label products.

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Major trends in the global almond milk market include flavor innovation, the rise of organic and clean label products, increased use in foodservice, and a focus on sustainability and eco-friendly packaging.

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Major challenges facing the global almond milk market include fluctuating almond prices, competition from other plant-based milk alternatives, environmental concerns regarding almond farming, and consumer perception issues related to nutritional value.

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Almond Milk Market to Grow with a CAGR of 7.25% through 2029

Nov, 2024

The global almond milk market is experiencing rapid growth, driven by rising health consciousness, demand for plant-based alternatives, lactose intolerance awareness, and expanding veganism trends in

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